Top 30 Biggest Companies in the Philippines in 2022

Size is king. The bigger the company, the more powerful it will become. Great size also comes with great responsibility. A giant company always faces the greatest obstacles and overcomes extreme challenges.

Today, we share the top companies in the Philippines in terms of market capitalization. Whether you want to be employed or invest in these conglomerates, you should know who the largest corporations are.

According to the World Bank updated outlook, the Philippine economy is projected to grow by 5.8% in 2023.

Local companies in the Philippines contribute to the recovery and stability of the nation amidst global inflation and market sentiments. These giant firms are crucial to the growth and progress of our country.

Top 30 Biggest Companies in the Philippines

The following are the largest companies in the Philippines in terms of market capitalization as of November 4, 2022.

  1. SM Investments Corporation – P1 Trillion
  2. SM Prime Holdings, Inc. – P932 Billion
  3. BDO Unibank, Inc. – P556 Billion
  4. Bank of the Philippine Islands – P424 Billion
  5. Ayala Corporation – P399 Billion
  6. Ayala Land, Inc. – P393 Billion
  7. International Container Terminal Services, Inc. – P349 Billion
  8. PLDT Inc. – P347 Billion
  9. Manila Electric Company – P332 Billion
  10. JG Summit Holdings, Inc. – P329 Billion
  11. Globe Telecom, Inc. – P325 Billion
  12. Aboitiz Equity Ventures, Inc. – P320 Billion
  13. Emperador Inc. – P308 Billion
  14. Universal Robina Corporation – P260 Billion
  15. Jollibee Foods Corporation – P255 Billion
  16. ACEN Corporation – P242 Billion
  17. Aboitiz Power Corporation – P241 Billion
  18. Metropolitan Bank & Trust Company – P234.5 Billion
  19. San Miguel Corporation – P234.2 Billion
  20. Monde Nissin Corporation – P210 Billion
  21. Semirara Mining and Power Corporation – P149 Billion
  22. Wilcon Depot, Inc. – P122 Billion
  23. Metro Pacific Investments Corporation – P105 Billion
  24. LT Group, Inc. – P91 Billion
  25. Converge ICT Solutions, Inc. – P89 Billion
  26. Puregold Price Club, Inc. – P87.8 Billion
  27. GT Capital Holdings, Inc. – P87.1 Billion
  28. Alliance Global Group, Inc. – P83 Billion
  29. Robinsons Land Corporation – P75 Billion
  30. Megaworld Corporation – P65 Billion
biggest companies Philippines

1. SM Investments Corporation (SM)

SM Investments Corp. is the largest conglomerate in the Philippines in terms of market cap. With over P1 Trillion, the giant firm also owns famous powerhouses in the country, including BDO and SM Prime Holdings. SM makes money from its retail, property, banking, and portfolio investment businesses.

2. SM Prime Holdings, Inc. (SMPH)

SM Prime Holdings is the biggest real estate company in the Philippines. It is the property segment of the SM group of companies. SMPH generates profit from its malls, residential properties, commercial buildings, hotels, and convention centers. SMPH reported a net income of P21.9 billion in 2021.

3. BDO Unibank, Inc. (BDO)

BDO Unibank is the largest bank in the Philippines. The SM group also owns it. BDO reported P2.8 trillion in deposits last year and P1.8 trillion in Trust Assets Under Management. It has 1,544 bank branches, including foreign branches in Hong Kong and Singapore.

4. Bank of the Philippine Islands (BPI)

BPI is the banking business segment of the Ayala group of companies. With over P420 billion market capitalization, BPI has proven its resilience since it was founded in 1851. BPI is proud to be the first bank in the country and the Southeast Asian region. It has a network of 1,173 banks and representative offices in Tokyo, Hong Kong, and Dubai.

largest companies Philippines

5. Ayala Corporation (AC)

Ayala Corporation is among the strongest and most profitable holding firms in the Philippines. Four of its subsidiaries – Ayala Land, BPI, Globe, and ACEN are among the most established companies in the country. Being the oldest conglomerate, Ayala Corp. now has over P1.3 trillion in total assets.

6. Ayala Land, Inc. (ALI)

Ayala Land is the second biggest real estate developer in the Philippines. It has a diversified portfolio of residential, commercial, shopping malls, office buildings, hotels, and resorts. Its total revenue grew 9% in the first half of 2022. Likewise, it recorded an impressive net income growth of 34% in the first half of 2022.

7. International Container Terminal Services, Inc. (ICT)

International Container Terminal Services was founded in 1987 and is now among the fastest-growing companies in the Philippines. ICT makes ports here and abroad. It now has 34 terminals in twenty countries across six continents. ICT has over a P349 billion market cap.

top local companies philippines

8. PLDT Inc. (TEL)

PLDT is the oldest and largest diversified telecommunications company in the Philippines. It was founded in 1928 and had been connecting and empowering Filipinos everywhere digitally. PLDT is among the top blue-chip companies on the Philippine Stock Exchange Index.

9. Manila Electric Company (MER)

Manila Electric Company, also known as Meralco, is the oldest and largest electric power distribution company in the Philippines. It was established in 1903. It provides power to 7.5 million customers. Meralco made a net income of P13.1 billion for the first half of 2022.

10. JG Summit Holdings, Inc. (JGS)

JG Summit Holdings is the giant conglomerate founded by business tycoon John I. Gokongwei Jr. JG Summit has major stakes in successful corporations, including Universal Robina Corp., Cebu Air (formerly Cebu Pacific), Robinsons Land Corp., DHL Summit Solutions, Meralco, PLDT, Singapore Land Group.

11. Globe Telecom, Inc. (GLO)

Globe Telecom is a massive telco firm owned by Ayala Corporation. With over P325 billion market cap, Globe ascends head-to-head with PLDT for the crown of the best telecommunications company in the Philippines. Globe has over 86.8 million mobile subscribers and 3.7 million home broadband customers.

12. Aboitiz Equity Ventures, Inc. (AEV)

Aboitiz Equity Ventures’ humble beginning dates to the 1800s. With more than 200 years of legacy, it expanded its businesses and is now among the top holding companies in the Philippines. Aboitiz Equity Ventures has dominant investments in power, infrastructure, land, food, banking, and financial services.

13. Emperador Inc. (EMI)

Emperador Inc. is among the top holding companies in the Philippines, which manufactures, bottles, and distributes beverages from the Philippines and Europe. EMI is now a global company after acquiring recognized brands Whyte and Mackay, and Bodegas Fundador. Emperador joined the ranks of the leading stocks on the Philippine Stock Exchange.

14. Universal Robina Corporation (URC)

URC is the number one snack food company in the Philippines. Founded in 1954, URC has a significant market position in the ASEAN region. URC’s popular brands include Chippy, Nova, Nips, Cream-O, C2, Chiz Curls, Great Taste Coffee, Blend 45, Piattos, Maxx, and Cloud 9.

15. Jollibee Foods Corporation (JFC)

Jollibee is a giant food chain company founded in 1975 by Dr. Tony Tan Caktiong. Aside from the famous Filipino fast food chain Jollibee, JFC has significant equity and ownership of other favorite restaurants such as Greenwich, Mang Inasal, Red Ribbon, and Chowking. Jollibee also holds the Philippine franchise of Burger King and signed a joint venture to expand Dunkin’ in China.

16. ACEN Corporation (ACEN)

ACEN is a leading energy platform company launched by the Ayala Group. With a market cap of P242 billion, ACEN is now among the top publicly listed companies on the Philippine Stock Exchange. ACEN’s goal is to become Southeast Asia’s largest listed renewable platform by 2030.

17. Aboitiz Power Corporation (AP)

Aboitiz Power Corp. is also a prominent renewable energy provider in the Philippines. Its portfolio contains hydroelectric, geothermal, solar power generation, and thermal facilities businesses. Aboitiz Equity Ventures owns the largest stake at Aboitiz Power.

18. Metropolitan Bank & Trust Company (MBT)

Metrobank was established in 1962 and has become one of the leading universal banks in the country. With more than 940 branches, Metrobank has maintained its solid position among the top financial companies in the Philippines. Last year, Metrobank recorded P22.2 billion net income, a 60% year-on-year surge.

19. San Miguel Corporation (SMC)

San Miguel Corp. was founded in 1890 and is the creator of the iconic brands of beers: San Miguel Pale Pilsen, San Mig Light, and Red Horse. SMC’s diversified business portfolio operates in food and beverage, fuel and oil, power, and infrastructure.

20. Monde Nissin Corporation (MONDE)

Monde Nissin is a global food and beverage company with prolific brands like Lucky Me, Sky Flakes, Fita, M.Y. San Grahams, Quorn, Cauldron, Monde, and Nissin. The creator of the famous pancit canton has more than P210 billion market capitalization.

21. Semirara Mining and Power Corporation (SCC)

Semirara Mining and Power Corp. is the largest coal mining company in the Philippines. The company makes money from its thermal coal extraction and power production. Semirara is among the constituents of the PSE index, the bellwether of the Philippine stock market.

22. Wilcon Depot, Inc. (WLCON)

If the United States has Home Depot, the Philippines has Wilcon Depot. Wilcon Depot is the best home improvement, and construction supplies retail corporation in the country. Wilcon made P2.56 billion in 2021 and is now among the best dividend-paying stocks in the Philippines.

23. Metro Pacific Investments Corporation (MPI)

Metro Pacific Investments Corp. is a reputable infrastructure company in the Philippines with substantial investments in toll roads, power, water, health care, light rail, and logistics. MPI has a 45% stake in Meralco and worthwhile ventures in leading toll roads in the Philippines, Vietnam, and Indonesia.

24. LT Group, Inc. (LTG)

LT Group is Lucio Tan’s group of companies. Its portfolio is diversified and composed of top-notch companies, including Asia Brewery, Philippine National Bank (PNB), Eton Properties, Tanduay Distillers, and PMFTC (Philip Morris Philippines Manufacturing Inc. and Fortune Tobacco Corp.)

25. Converge ICT Solutions, Inc. (CNVRG)

Converge is the fastest-growing information technology company in the Philippines. Its Initial Public Offering was on October 26, 2020, yet it joined the ranks of the top blue-chip stocks in the Philippine Stock Exchange Index (PSEI) on August 16, 2021. Converge is also listed in the FTSE Global Equity Index Series and ASEAN Stars Index.

26. Puregold Price Club, Inc. (PGOLD)

Puregold Price Club is the largest supermarket chain in the Philippines. It also owns S&R Membership Shopping. Puregold has a total of 532 stores all over the Philippines. The giant retail chain made P8.81 billion in net income in 2021.

27. GT Capital Holdings, Inc. (GTCAP)

GT Capital Holdings is a diversified company with investments in banking, automotive, property development, insurance, micro-financing, infrastructure, and utilities. GT Cap has a major stake in Metrobank, Federal Land, and Metro Pacific Investments. It has also formed joint ventures with Toyota Motor Corp. and the AXA group.

28. Alliance Global Group, Inc. (AGI)

Alliance Global Group is one of the top conglomerates in the Philippines with business interests in real estate, food, and beverage, infrastructure development, tourism-entertainment and gaming. Its subsidiaries include Megaworld, McDonald’s in the Philippines, Emperador, Travellers International, and Infracorp Development.

29. Robinsons Land Corporation (RLC)

Robinsons Land Corp. is the real estate business segment of JG Summit (Gokongwei Group). RLC owns malls, residences, office buildings, hotels, resorts, destination estates, logistics, industrial facilities, and RC REIT (Robinsons Land Commercial REIT).

30. Megaworld Corporation (MEG)

Megaworld is among the biggest real estate property developer companies in the Philippines. Dr. Andrew Tan founded it in 1989. Megaworld is known for its high-end residential condominiums and commercial properties nationwide. The giant construction firm made a net income of P14.4 in 2021.

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